Sentences with phrase «amount upon termination»

It is illegal to provide an employee with less notice and severance than that required by the ESA, even if the parties have agreed that the employee will a lesser amount upon termination.

Not exact matches

Ultimately, this option will ensure that upon contract termination users will receive the amount of ETH relative to the value of the USD that was initially deposited.

Upon termination of this Agreement, all rights granted to you under this Agreement will cease immediately, and you agree that you will: (a) immediately discontinue use of any applicable Juicy Juice Websites; and (b) as applicable, pay any amounts owed to Juicy Juice in full within thirty (30) days from the date of such termination.

Upon termination of employment, the employee's final compensation shall be adjusted in an amount necessary to ensure that sick leave with compensation does not exceed the days of earned sick leave as provided herein.

Subject to the exception in Section 8.3 below, upon Termination of the Agreement, We will refund amounts paid by You for Publishing Packages or individual Services («Refund») as follows: Revised: 8/5/2015 (a) Publishing Packages.

Upon such termination, the lessor may recover from the lessee: (1) The worth at the time of award of the unpaid rent which had been earned at the time of termination; (2) The worth at the time of award of the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of such rental loss that the lessee proves could have been reasonably avoided; (3) Subject to subdivision (c), the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such rental loss that the lessee proves could be reasonably avoided; and (4) Any other amount necessary to compensate the lessor for all the detriment proximately caused by the lessee's failure to perform his obligations under the lease or which in the ordinary course of things would be likely to result therefrom.

Your refund will be equal to the payments that you have made, less any previous refunds, and a fee of up to $ 50 per plan or 50 % of the amount paid to the board, whichever is less, may be assessed upon termination of the plan.

The margin amount will be returned to the fund upon termination of the futures contracts assuming all contractual obligations are satisfied.

Resident's failure to timely vacate upon any such termination shall be a default under the lease and monthly rent shall be calculated at the full Lease amount in assessing any damages or costs.

A contract is a contract and, as expressed by Chief Justice Winkler on behalf of a unanimous court, «From a practical perspective, it is worth repeating that if parties to an employment agreement specifying a fixed amount of damages intend for mitigation to apply upon termination without cause, they must express that intention in clear and specific language in the contract.»

In a decision released in June this year, Bowes v. Goss Power Products Ltd. (2012 ONCA 424), the Ontario Court of Appeal considered the application of this principle of mitigation where an employment contract provided a fixed amount of severance upon termination.

The best way for employers to protect against unanticipated notice liability related to terminations of short service employees is through the preparation and execution of employment agreements which contemplate the amount of notice that the employee will receive upon termination.

In order to provide a greater level of certainty, federal employers should consider including language in their written employment agreements that limits the amount of notice and severance the employee is entitled to upon termination of employment, but ensuring that this language provides for at least the minimum amounts required by the Code.

Employees can actually contract out of ability to claim inducement if there is a valid contract stating the amount of notice upon termination.

A failure to draft prudently may result in the employer being found liable for common law reasonable notice requirements instead of the agreed upon amount in the termination clause.

Employers who desire to require former employees to mitigate their damages and thereby potentially reduce the amount to which employees are entitled upon dismissal must ensure that the employment agreement expressly states that the termination entitlement is subject to the duty to mitigate.

Employers sometimes ask me — what is the maximum amount of notice we need to give long - standing employees upon termination?

If the latter, what amount of notice were the Keenans entitled to receive upon termination of the relationship?

Employment contracts often contain clauses limiting an employee's entitlement upon termination to the minimum entitlements under the Employment Standards Act or any other amount the employer and employee have agreed to.

... Rising interest rates — With the rate guaranteed on new contributions of 8.0 %, the MVA would equal - $ 7,658 and the amount paid upon termination would be $ 119,970.